|Obama's Tax Haven Reform: Chump Change|
by Charlie Cray, Special to CorpWatch
June 15th, 2009
In early May, the Obama administration announced plans to eliminate the advantages that multinationals have over domestic corporations as to the tax treatment of reinvested profits. K Street corporate lobbyists haven’t squealed so loudly since they lost their three martini lunches. The uproar draws attention away from the fact that U.S. multinationals enjoy an effective tax rate of just 2.4 percent on billions of dollars in foreign active earnings.
|CorpWatch announces release of the CrocTail application and open CorpWatch API|
June 8th, 2009
CorpWatch, with support from the Sunlight Foundation, announces release of the CrocTail application and open CorpWatch API. CrocTail provides an interface for browsing information about U.S. publicly traded corporations and their many foreign and domestic subsidiaries. CrocTail also serves as a demonstration of the features and data available through the CorpWatch API.
|The True Cost of Chevron: An Alternative Annual Report|
by Antonia Juhasz, http://www.TrueCostofChevron.com/
May 26th, 2009
Chevron's 2008 annual report is a glossy celebration of the company's most profitable year in its history. What Chevron's annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against the company's abuses. This jointly-produced report documents negative impacts of Chevron's operations around the globe, in stark contrast to the message sent by the company's ubiquitous "Human Energy" advertising campaign.
|Mexico’s Other Crisis: Foreign Banks|
by Kent Paterson, Special to CorpWatch
May 15th, 2009
The worldwide financial crisis is hitting people in the Global South with particular venom, and disaster profiteering is alive and well. Take Mexico. While entities like Citigroup-owned Banamex get away with charging Mexican credit account-holders usurious interest rates of up to 100 percent, Banamex itself turned nearly $1 billion in profits in 2008.
|Goa Cursed By Its Mineral Wealth|
by Emily Bild, Special to CorpWatch
April 23rd, 2009
Set on India's west coast, Goa is renowned as a beach paradise popular with Indian and foreign tourists alike. Just a few miles inland from the quaint restaurants and the pristine waves lapping the silver shores of India's smallest state, iron-ore mining is destroying the environment, say activists and locals.
|Regulating Ramatex: Authorities Shut Out as Malaysian Investor Threatens Namibian Environment|
by Moses Magadza, Special to CorpWatch
April 5th, 2009
For nearly six years Ramatex Textile and Garment Factory barred government regulators from entering industrial premises leased from the City of Windhoek. Ramatex came to Namibia in 2001, lured by the newly implemented African Growth and Opportunity Act (AGOA). Evidence of environmental violations finally emerged after the company absconded.
|Policing Afghanistan: Obama's New Strategy|
by Pratap Chatterjee, Special to CorpWatch
March 23rd, 2009
A new strategy for Afghanistan and Pakistan will be unveiled by President Barack Obama this week. It plans to ramp up the training of the Afghan army and police at a cost of some $2 billion a year. Private contractor DynCorp is already lining up to bid for some of the lucrative contracts. This article provides an overview of key reports assessing the training of the Afghan police, and DynCorp's role, to date.
|Inheriting Halliburton's Army: What Will Obama Do With KBR?|
by Pratap Chatterjee, TomDispatch.com
February 22nd, 2009
President Obama will almost certainly touch down in Baghdad and Kabul in Air Force One sometime in the coming year to meet his counterparts in Iraq and Afghanistan, and he will just as certainly pay a visit to a U.S. military base or two. Should he stay to eat with the troops, he will no less certainly choose from a menu prepared by migrant Asian workers under contract to Houston-based KBR, the former subsidiary of Halliburton.
|Xstrata Dreaming: The Struggle of Aboriginal Australians against a Swiss Mining Giant|
by Michael Deibert, Special to CorpWatch
February 16th, 2009
The McArthur River winds through Australia’s remote Northern Territory, home to four main Aboriginal linguistic groups: the Gurdanji, Yanyuwa, Garawa and Mara. Earlier this month Australian Minister for Environment Peter Garrett announced conditional approval for a bid by Swiss mining giant Xstrata to expand its zinc mining operations in the sacred McArthur River floodplain.
|Norilsk Nickel: A Tale of Unbridled Capitalism, Russian Style|
by Anton Foek, Special to CorpWatch
October 9th, 2008
The launch of Russia’s stock markets in the early 90s and privatization of state assets has profoundly impacted Russian society. As the case of mining giant Norilsk Nickel illustrates, this experiment has given rise to both immense personal wealth for a new elite, and economic uncertainty for the ordinary citizen.